The virus is keeping the economy on hold
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The virus is keeping the economy on hold, but vaccine rollout is improving the medium-term outlook
House View | February 2021
The economic rebound slowed in the fourth quarter, after a strong rebound in the third quarter and a very sharp contraction in the first half of the year. Global economies remain supported by the large stimulus measures from fiscal and monetary institutions. The positive vaccine developments have reduced the negative-tail risks for 2021 but are no immediate solution. The virus will remain an …
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